View more on these topics

Principality – Switch and Save

Friday, 13th October 2000.



Type: Five-year stepped discounted rate for remortgages only.



Discounted term: Until December 31, 2005.



Discount: Year one and two &#45 2 per cent, year three, four and five &#45 1 per cent.



Payable rate: Year one and two &#45 5.49 per cent, year three, four and five &#45 6.49 per cent.



Minimum loan: £5,000.



Maximum loan: Up to 90 per cent of valuation subject to a maximum of £250,000.



Income multiples: 3.5 times principal income plus second or 2.5 times joint.



Redemption fee: 3 per cent of advance in the first five years.



Arrangement fee: None.Conditions: Additional 0.19 per cent added to fixed rate if buildings and contents insurance not taken out with Principality.



Introducer&#39s fee: Subject to negotiation.



Tel: 0800 163 817.



Recommended

Fleming groovy

Fleming Asset Management – German Opportunities FundType: Euro-denominated Sicav.Aim: Growth by investing mainly in German securities.Minimum investment: $5,000.Place of registration: Luxemburg.Investment split: 25.1 per cent electrical, 18.1 per cent utilities, 16.1 per cent insurance, 9.2 per cent retail, 8.3 per cent banks, 7.2 per cent chemicals, 5.7 per cent telecommunications, 3.9 per cent automobiles, 3.8 […]

INDEPENDENT VIEW

Another week passes and another headline appears announcing that a group of fund managers are moving to pastures new, furthering the game of musical chairs that we have seen as an increasing trend since the turn of the year.Coupled with mergers and mega-mergers that continue to take place, where does this leave the poor investor […]

Merrill stays on offshore track

Merrill Lynch Investment Managers is offering a UK fund which will mirror its Standard & Poor&#39s AA-rated offshore Mercury offshore sterling trust.MLIM compares the new UK Dynamic fund to a decathlete or heptathlete, claiming its ability to outperform the market in all investment conditions shows it is multi-talented.At least 60 per cent of the new […]

Swiss Life slashes rates across the board

Swiss Life has announced it is cutting rates across a number of term assurance products in response to increasing consumer demand. Rates for non-smokers are to be cut by up to 44 per cent under the scheme which took effect on September 26. Life term family income benefits are being slashed by up to 28 […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment